Over 11 lakh MSMEs registered under new online system

New online system of MSME or the Udyam registration launched by Union MSME Ministry rolled out on 1 July, 2020, has seen more than 11 lakh MSMEs registrations. This portal is seamlessly integrated with CBDT and GST networks as also with the GeM. Through this integration, now MSME registration is a totally paperless exercise.  

As per the analysis of the registrations till October-end, 3.72 lakh enterprises have been registered under manufacturing category whereas 6.31 lakh enterprises were under service sector.

The share of micro enterprises is 93.17 per cent whereas small and medium enterprises have a 5.62 per cent and 1.21 per cent share respectively.

Around 7.98 lakh enterprises are owned by men whereas 1.73 lakh enterprises by women.

The top five industrial sectors of registrations are - food products, textile, apparel, fabricated metal products and machinery & equipments. The five leading states for Udyam registrations are Maharashtra, Tamil Nadu, Rajasthan, Uttar Pradesh and Gujarat.